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9 days ago

The balanced scorecard approach uses only financial measures to evaluate performance. uses rather vague, open statements when se

tting objectives in order to allow managers and employees flexibility. normally sets the financial objectives first, and then sets the objectives in the other perspectives to accomplish the financial objectives. evaluates performance using about 10 different perspectives in order to effectively incorporate all areas of the organization.

Business

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On June 1, Greendale Corp. issued $700,000, five-year bonds at 8%, with interest payable annually on May 31. The bonds sold for

Mariulka [3825]

Respuesta:

$23,709

Explicación:

Datos proporcionados en la pregunta:

Monto del bono emitido = $700,000

Duración = 5 años

Tasa de interés = 8%

Monto de venta del bono = $728,700

Tasa de interés de mercado = 7%

Ahora,

Intereses pagados = Monto del bono emitido × Tasa de interés

= $700,000 × 0.08

= $56,000

Gasto por intereses = Monto del bono vendido × Tasa de interés de mercado

= $728,700 × 0.07

= $51,009

Prima no amortizada = Monto de venta del bono - Monto del bono emitido

= $728,700 - $700,000

= $28,700

Monto amortizado = Intereses pagados - Gasto por intereses

= $56,000 - $51,009

= $4,991

Balance de la cuenta de primas sobre bonos a pagar inmediatamente después del primer pago de intereses

= prima no amortizada - Monto amortizado

= $28,700 - $4,991

= $23,709

5 0

3 months ago

The Maroon & Orange Gym, Inc., uses the accrual method of accounting. The corporation sells memberships that entitle the mem

arsen [3447]

Answer:

c. $180 in 2019

Explanation:

The entity employs the accrual accounting method, where revenues are documented on the income statement once earned, regardless of the actual receipt of cash.

On July 1, 2017, the organization sold one-year and two-year memberships. In 2017, The Maroon & Orange Gym, Inc. delivered services for half a year for each contract.

Gross income from one-year membership in 2017 = $40 x 6 = $240

Gross income from two-year membership in 2017 = $30 x 6 = $180

Overall revenue = $240 + $180 = $420

In 2018, the company continued providing services for the remaining 6 months of the one-year membership and the entire 12 months of the two-year membership.

Gross income for the one-year membership in 2018 = $40 x 6 = $240

Gross income from two-year membership in 2018 = $30 x 12= $360

Total income = $240 + $360 = $600

In 2019, the company wrapped up services for the last 6 months of the two-year membership.

Gross income in 2019 = $30 x 6= $180

4 0

2 months ago